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Smartwatches Market In-depth Research, Opportunities and Threads Analysis

Global smartwatch market was estimated to be valued at USD 702.5 million in 2013 and is expected to grow at a rate of 67.6% during forecasted period.<br>

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Smartwatches Market In-depth Research, Opportunities and Threads Analysis

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  1. Smartwatches Market Revenue Drivers, Growth Opportunities, Supply Chain Analysis and Forecast Research Report Till 2020 “Global smartwatch market was estimated to be valued at USD 702.5 million in 2013 and is expected to grow at a rate of 67.6% during forecasted period.” The global Smartwatches Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: Global smartwatch market was estimated to be valued at USD 702.5 million in 2013 and is expected to grow at a rate of 67.6% during forecasted period. Smartwatches provide functionalities far beyond traditional watches which can be pared with smartphones either by Bluetooth or near-field communication (NFC). Competitive Landscape: Growing adoption of smartwatches will benefit companies like Apple Inc. and Samsung Electronics. They main reason is these technological giants are already present in smartphone industry. Paring with smartwatches with smartphone by these firms will contribute to the revenue. Product differentiation and competitive advantage will be achieved by primarily focusing on innovation. Growing number of start-ups in emerging economies is expected to affect this industry in a positive manner. Galaxy gear a flagship product of Samsung electronics contributed majorly in smartwatch shipments in 2013 globally.

  2. Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/smartwatches-market/request-sample Growth Drivers: Over 2 million units were sold in 2013. Smartwatches provide notification to user such as distance travelled heart rate and can be used as an extension to a smartphones because of high degree of connectivity and focus on apps. Addition of innovative features, continuous technological advancement will lead to increase in Global smartwatch shipments. In 2014, Google introduced new smartwatch which was capable of delivering real-time speed, distance and time when user is on a run or walk. At present Samsung is dominating in smartwatch industry as it is using Android operating system which is user-friendly and ease to use. Google also announced Android wear an OS designed for wearable watches and is currently working with companies like HTC, Motorola, Samsung and LG. Major players like Pebble, Samsung, Sony and Maritime are heavily investing on R&D to develop better product and increase their market share. Price Segment Insights: Approximately 90% of market share in 2013 was accounted by High-end smartwatches. Increase in demand for wearable technology, Entry of new well established players can propel market, but factors such as price range of smartwatches which is between USD 250 to USD 300 can act as barrier in market growth. In addition, Limited battery life, overall performance and privacy concerns among the users can restrain the market growth. The end users data is available on cloud and can be misused. At present market is occupied by established companies that are offering high-end products at a premium price. Average selling price of smartwatches will come down due to commercialization activities, number of new entrants and will result in development of mid-priced and low-end products over a given period. Regional Insight: The demand for smartwatches was high in North America across the globe due to increasing number of smartphone users. Approximately 60% of overall market share in 2013 was accounted by North America and Europe. Awareness about new technologies and purchasing power due to increase in disposable income of users is expected to drive the market growth in coming six years. Increase in smartphones penetration in Asia pacific will drive market growth at a fastest rate. Health and fitness will remain key applications of smartwatches due to growing health-conscious consumer that needs real-time feedback and tracking. HTC, Huawei and ZTE China-based technological giants are focusing to enter in smartwatch market. Browse Related Category Research Reports @ https://blog.naver.com/tomclark

  3. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Asia Pacific Global Headquarters Million Insights Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Phone: 91-20-65300184 Email: sales@millioninsights.com

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